Lazydays Holdings, Inc. (NASDAQ:GORV) Short Interest Update

Lazydays Holdings, Inc. (NASDAQ:GORV) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 743,800 shares, a drop of 8.2% from the November 30th total of 810,600 shares. Based on an average daily trading volume, of 314,600 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.3% of the shares of the stock are sold short.

Lazydays Price Performance

Shares of Lazydays stock traded up $0.13 during trading hours on Wednesday, reaching $0.96. 185,254 shares of the company’s stock were exchanged, compared to its average volume of 126,298. The business has a fifty day moving average of $1.00 and a two-hundred day moving average of $1.76. The company has a market capitalization of $13.55 million, a P/E ratio of -0.07 and a beta of 1.97. The company has a quick ratio of 0.12, a current ratio of 0.91 and a debt-to-equity ratio of 2.35. Lazydays has a 1 year low of $0.76 and a 1 year high of $7.00.

Insider Activity at Lazydays

In other news, major shareholder Coliseum Capital Management, L purchased 14,563,106 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $1.03 per share, for a total transaction of $14,999,999.18. Following the completion of the transaction, the insider now owns 21,085,529 shares of the company’s stock, valued at $21,718,094.87. This trade represents a 223.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Institutional Trading of Lazydays

Several large investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lazydays during the 2nd quarter worth approximately $36,000. Nantahala Capital Management LLC purchased a new position in Lazydays during the second quarter worth approximately $1,270,000. Finally, Dimensional Fund Advisors LP acquired a new position in Lazydays during the second quarter worth $187,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

About Lazydays

Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company offers RV sales, RV-repair and services, financing and insurance products, third-party protection plans, and after-market parts and accessories. It also operates the Lazydays RV resort at Tampa, Florida.